Nanogate acquires 80% stake in Jay Plastics, its first US subsidiary

Nanogate AG has agreed to acquire an approximately 80% majority stake in Jay Plastics, the plastics division of Jay Industries Inc. in Mansfield, Ohio, for a mid-double-digit million euro purchase price. The transaction is expected to close in early 2017.

“Nanogate is acquiring a majority stake of around 80 % in Jay Plastics, the plastics division of Jay Industries, Inc., Mansfield, Ohio, USA.”eqs-news.com

• 3 sources
• eqs-news.comNanogate Acquires Jay Plastics, Its First US Subsidiary, Expects Growth Leap and Establishes Itself as a Global Provider | Ad-hoc - EQS NewsDec 5, 2016
• plasticsnews.comGermany's-Nanogate-AG-buys-US-based-Jay-Plastics - Plastics NewsDon LoeppDec 5, 2016
• marketscreener.comNanogate AG completed the acquisition of 80% stake in Jay-Plastics Inc. from Jay Industries, Inc.MarketScreenerJan 8, 2017

Summarized from public sources; check the original articles before acting on it.